Faroe Islands vs Republic of Korea: Net secondary income (Net current transfers from abroad) (current)

Faroe Islands
-39.94 % change on previous year
in 2024
Republic of Korea
-38.58 % change on previous year
in 2025
Faroe Islands rank
179th
Republic of Korea rank
178th

Net secondary income (Net current transfers from abroad) (current) over time

  • Faroe Islands
  • Republic of Korea
-1.0k-5000500196119932025

How they compare

Republic of Korea currently reports -38.58 % change on previous year against -39.94 % change on previous year in Faroe Islands, a difference of 1.36 % change on previous year.

The two have swapped places 11 times across 25 shared years of data; in 1999 it was Faroe Islands ahead.

Faroe Islands ranks 179th and Republic of Korea ranks 178th of 201 countries.

Faroe Islands has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Faroe Islands Republic of Korea Difference Ahead
1990s 1.92 % change on previous year -73.47 % change on previous year 75.39 % change on previous year Faroe Islands
2000s -2.08 % change on previous year -95.37 % change on previous year 93.29 % change on previous year Faroe Islands
2010s 3.92 % change on previous year -43.31 % change on previous year 47.22 % change on previous year Faroe Islands
2020s -8.2 % change on previous year -9.24 % change on previous year 1.04 % change on previous year Faroe Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net secondary income (net current transfers from abroad) (current), Faroe Islands or Republic of Korea?
Republic of Korea, at -38.58 % change on previous year against -39.94 % change on previous year in Faroe Islands as of 2025.
What is the difference in net secondary income (net current transfers from abroad) (current) between Faroe Islands and Republic of Korea?
1.36 % change on previous year, with Republic of Korea ahead.
How many years of comparable data are there for Faroe Islands and Republic of Korea?
25 years are reported by both, from 1999 to 2024.
How do Faroe Islands and Republic of Korea rank globally for net secondary income (net current transfers from abroad) (current)?
Faroe Islands ranks 179th and Republic of Korea ranks 178th of 201 countries.
Where does this data come from?
Statizoid (derived), published as Net secondary income (Net current transfers from abroad) (current LCU), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Faroe Islands vs Republic of Korea: Net secondary income (Net current transfers from abroad) (current). Statizoid, drawing on Statizoid (derived). Retrieved 09 September 2026, from https://economy.statizoid.com/compare/net-secondary-income-net-current-transfers-from-abroad-current-lcu-annual-growth-rate/faroe-islands/korea-rep/

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About this data

Indicator
Net secondary income (Net current transfers from abroad) (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
201 places, 7,792 data points, 1961–2025
Last refreshed

The year-on-year percentage change in Net secondary income (Net current transfers from abroad) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.